Disclosure in respect of forfeiture of 128955 partly paid-up equity shares due to non-payment of call money.
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GTT Data Solutions has forfeited 1,28,955 partly paid-up equity shares (face value ₹10 each) because the allottees did not pay the First and Final Call money. These shares were originally issued under the company's Rights Issue (Letter of Offer dated January 10, 2025). After two reminders in April and June 2025, the Rights Issue Committee approved the forfeiture at its meeting on July 30, 2025. Post this action, the company's paid-up equity capital stands at about ₹41.78 crore, divided into roughly 4.18 crore fully paid-up equity shares. The forfeited shares represent less than 0.3% of the total share base, making this a small, routine procedural cleanup.
This is a minor administrative action with negligible impact on the share price or existing shareholders. The forfeited shares may be re-issued or kept in abeyance, and the reduction in share count is too small to affect earnings per share meaningfully.